Fresenius buys dialysis clinic company:
This article was originally published in Clinica
Fresenius Medical Care has bought Franconia Acquisition, a US investment company which purchases dialysis clinics and production and distribution facilities for the renal care industry. The acquisition of the company, which has a cash balance of $350 million, was through the issue of 8.97 million shares. Franconia was founded by investors including Welsh, Carson, Anderson & Stowe, Goldman Sachs, MPM Capital Advisors, Dresdner Kleinwort Benson and Deutsche Bank Capital Partners.